Why Didn't Bill Gross Retire?

Bill Gross is 70, wealthy and has just left Pimco, the company he founded, for Janus Capital. Why not just retire? Adam Auriemma discusses on the News Hub with Lee Hawkins. Photo: Getty.

This transcript has been automatically generated and may not be 100% accurate.

... legendary bond investor Bill Gross has let him call the firm he founded in nineteen seventy one for Janus capital group so why didn't he just retire ... WSJ's Adam R E M is here to discuss how are you today and did real good ... so why get me I mean he's a wealthy guy he's seventy years old why not just quit now ... well one line of thinking of that that the growth of the gonna go out into the goes on top Bizo legendary bond investor tends ... to have a tough year to comply with a management shake up from the ICC investigation into from people I'd talk to ... I suggested that he wants to go out with a win in the five men had this will certainly wasn't me it's a drama filled story in the DaVinci reported that he was actually going to be fired had he not resigned what happened inside the company ... while I as far as I reporting that success ... in ... his Chief Executive weft earlier this year ... aam and there was some reporting ... and that the bill replace ... its chief executive of six deputy investment officers ... in ... an meanwhile there is the ... a lot of investors pulled out of the signature bond funds and as far as we can tell ... they know the boards of their summer reading a fear that they were unhappy with the on the company he's leaving the company in a bit of a clown as we discuss ... so what does the need to do now to update its image and how much time as the head ... the Fed and Ukraine to start with Janet from Monday and then that next week to be in charge of a new bunch and there ... I mean by Allah counts is the isthe brilliant investor and one interesting thing that the Fed ... is that is looking for its new easing from the managerial duties that he was having focusing on before ... and just focus attending an investor sells he lived for some of the other high-profile into vigils have successfully ... turned the images around to chair the best example is probably Steve Jobs Steve got cut from Apple ... during his first tour of duty then linking back ... as the company Sefer ... we have selected David Thielman from JetBlue who founded the company was asked to leave in two thousandseven ... went to Brazil in front of a new airline and I was making his way back into the US ... in the States next year ... I don't think so ... yes the city but the ...